This chart shows the current SP resting on 2 key long-term support trendlines. The first is the green uptrend and the second marks a Fib 61.8% retracement. Combined they make for some powerful support and an excellent buying opportunity for long & short term accumulators alike.

Great spot for dirt bags to inspire a final gut-wrenching shake out of the little retail holder and reposition with a long bias going forward into the growing derivatives crisis. Welcome to options expiry day where madness reigns supreme.